Hotels Of North Wales Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04905949

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		15,000		22,500
Tangible Assets	5		4,463,200		4,403,934

			4,478,200		4,426,434
CURRENT ASSETS
Stocks	6	7,833		7,633
Debtors	7	31,577		57,679
Cash at bank and in hand		68,370		86,504

		107,780		151,816
Creditors: Amounts Falling Due Within One Year	8	(212,946 )		(163,381 )

NET CURRENT ASSETS (LIABILITIES)			(105,166 )		(11,565 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,373,034		4,414,869

Creditors: Amounts Falling Due After More Than One Year	9		(1,426,402 )		(1,562,131 )

NET ASSETS			2,946,632		2,852,738

CAPITAL AND RESERVES
Called up share capital	11		14		14
Revaluation reserve	12		2,592,149		2,592,149
Profit and Loss Account			354,469		260,575

SHAREHOLDERS' FUNDS			2,946,632		2,852,738

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Hotels Of North Wales Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sebastian Janney

Director

10/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Hotels Of North Wales Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04905949 . The registered office is The Springfield Hotel A55 Expressway, Pentre Halkyn, Holywell, Flintshire, CH8 8BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Revaluation method
Leasehold	-
Plant & Machinery	15% reducing balance
Motor Vehicles	-
Fixtures & Fittings	12& reducing balance
Computer Equipment	33% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 34 (2024: 34)

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Hotels Of North Wales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	150,000

As at 31 March 2025	150,000

Amortisation
As at 1 April 2024	127,500
Provided during the period	7,500

As at 31 March 2025	135,000

Net Book Value
As at 31 March 2025	15,000

As at 1 April 2024	22,500

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	3,700,000	79,604	156,531	1,258,642
Additions	20,924	41,842	-	107,007

As at 31 March 2025	3,720,924	121,446	156,531	1,365,649

Depreciation
As at 1 April 2024	17,500	50,015	80,770	646,978
Provided during the period	2,500	12,424	11,075	84,257

As at 31 March 2025	20,000	62,439	91,845	731,235

Net Book Value
As at 31 March 2025	3,700,924	59,007	64,686	634,414

As at 1 April 2024	3,682,500	29,589	75,761	611,664


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	26,669	5,221,446
Additions	1,803	171,576

As at 31 March 2025	28,472	5,393,022

Depreciation
As at 1 April 2024	22,249	817,512
Provided during the period	2,054	112,310

As at 31 March 2025	24,303	929,822

...CONTINUED

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Hotels Of North Wales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	4,169	4,463,200

As at 1 April 2024	4,420	4,403,934

Cost or valuation as at 31 March 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	20,924	121,446	156,531	1,365,649
At valuation	3,700,000	-	-	-

	3,720,924	121,446	156,531	1,365,649


	Computer Equipment	Total
	£	£
At cost	28,472	1,693,022
At valuation	-	3,700,000

	28,472	5,393,022

Freehold land and buildings were valued on an open market basis on 7 July 2023 by Christie & Co and by the directors on 31 March 2025.

6. Stocks

	2025	2024
	£	£
Stock	7,833	7,633

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	23,177	17,081
Other debtors	8,400	40,598

	31,577	57,679

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,944	-
Trade creditors	62,870	51,292
Other creditors	57,593	67,150
Taxation and social security	68,539	44,939

	212,946	163,381

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Hotels Of North Wales Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,635	105,149
Other loans	1,403,767	1,456,982

	1,426,402	1,562,131

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,944	-
Later than one year and not later than five years	22,635	105,149

	46,579	105,149

	46,579	105,149

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	14	14

12. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	2,592,149

As at 31 March 2025	2,592,149

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